This weekend, I nearly froze stiff as I watched my youngest sister-in-law graduate from high school.
Jen, my sister-in-law, is a fantastic young lady with a very likeable personality. I told her several times this weekend how proud we are of her, but today I want to say it one more time – Jen we’re so proud of you and proud of everything you’ve accomplished. We pray that God will be the light that guides your future choices and decisions. If you live for Him, you’ll find everything has meaning and purpose.
There were several people who had speeches and shared their thoughts, musings, and theories about life.
But no one asked me to say anything.
So today I want to point out five posts that I wrote (a couple of years ago) specifically for young people who have just finished up high school.
This is a post with a guarantee.
I guarantee that if you follow this advice, you’ll:
- Have less stress than your classmates.
- Feel more flexibility to go where God calls you.
- Have more financial security than the Average Joe.
The strategy is simple:
Buy what you can afford when you can afford it.
Most teens who graduated this year will go out and get stuff they can’t afford and borrow money to fund their impatience. They’ll be playing catch up for years.
If, on the other hand, you can learn to wait, save, and buy, then I guarantee you’ll save more than $20,000 worth of interest over the next 10 years.
So, here are the five posts:
Unfortunately, people unintentionally lie to us. They say it can’t be done or it is impossible.
Making the choice to take as few student loans as possible is so important.
They said we should marry for love. And that’s true.
But marrying someone ignorantly expecting them to magically change into a responsible person is, well, irresponsible.
Date with eyes wide open.
I’ll tell you what you ought to know.
If you can cover your expenses while in college with a part time job, you may just graduate with nothing.
Sounds depressing, right?
Well those other college graduates will have $20,000 or $40,000 or even $60,000 in debt.
The truth is that you’ll easily spend an extra couple of grand if you decide to buy your car with money you borrow.
That’s a lot of money.
Personally, I’ve always felt like the best approach is to sacrifice now, save now, and buy it for less in a few years.
Too many people buy too much house too soon.
They think it is such a smart idea.
However, if you were to look deeper, many of those people have now missed mortgage payments and own more money on the house than it is worth.
Anyone else have any financial tips for graduating teens?